Kromek PLC are an AIM-listed technology Group based in Sedgefield, County Durham with offices overseas in Pittsburgh, USA. haysmacintyre were appointed as auditors of Kromek PLC in 2020 and since then have delivered a hybrid audit, comprising both time spent on site in both Sedgefield and Pittsburgh as well as certain procedures being performed remotely.

Our client, Tan Delta Systems provides equipment monitoring systems and monitoring services to a range of companies that use machinery to improve the reliability of their equipment, enabling a material reduction in their maintenance cost and reducing their carbon footprint.

haysmacintyre supported the IPO through the provision of Reporting Accountant services to meet the LSE’s listing regulation requirements.

Our client is a London-based app developer that creates apps for Apple and Android platforms.

haysmacintyre prepared a memorandum that set out a range of company valuations, along with advice surrounding the tax implications of a 24% shareholding being bought back by the company.

We estimated that the minority 24% shareholding being bought-back held an estimated value ranging from £9m to £11m.

Case study takeaways:

• Our client provides e-learning services internationally and they developed an online educational platform specialising in IELTS
• haysmacintyre worked with the client to prepare a response to HMRC following an enquiry, defending their R&D work
• HMRC accepted both claims on our first response with no further amendments

Our client was involved in the health technology sector and had traditionally provided services on a business to business basis. It had treated all its supplies as fully taxable – and had recovered VAT on costs in full – on the basis that it was providing access to online data and remote access to GPs and other medical specialists to B2B clients. As part of its growth strategy, the client was looking to expand its offering by providing a menu of services directly to private customers on a B2C basis. The client was aware that some of its services could be seen as VAT exempt and approached us to review the VAT liability of these supplies and advise on the consequences if any services were VAT exempt.

Case study takeaways: Our client is a platform designed to support ecommerce growth. haysmacintyre assisted with structuring equity remuneration packages for key employees. The incentive package was agreed utilising available tax advantages and within the client’s timeframe. The challenge Our client wished to offer equity incentives to its key employees. Enterprise Management Incentive (EMI) options […]

Case study takeaways:

• Company A operates in the hospitality sector.
• haysmacintyre assisted the client with an HMRC Coronavirus Job Retention Scheme (CJRS) investigation.
• Reduced company’s liability from £180k to zero within one week following our involvement.

We worked with a company to make a historic and current year claim going back two years under both the SME and large company schemes (for subsidised expenditure) which resulted in our client receiving a repayment of £120,000.